“Taylor previously offered Samsung property tax breaks of over 90 percent for its first ten years.”
A $17 billion fab, about 2,000 jobs, a $27 million state grant and a 90% property tax break for a decade. Samsung may also collect $3 billion from the CHIPS Act if it passes. It won’t make a chip until the second half of 2024, so the current shortage is not its problem. Taxpayers are buying the factory a foreign company gets to own.